Stockholders of Wells Fargo & Company (NYSE: WFC) yesterday elected 14 nominees to the Company’s board of directors and ratified the appointment of KPMG LLP as the Company’s independent auditors for 2011. Stockholders also approved the 2010 compensation of the Company’s executives named in its proxy statement, and a proposal to provide stockholders with an advisory vote on named executives’ compensation every year.

Stockholders did not approve a proposal to amend the Company’s by-laws to allow stockholders owning 10 percent of the Company’s outstanding common stock to call special meetings of stockholders. Stockholders also did not approve a proposal to provide for cumulative voting in contested director elections, a proposal to require the chairman of the board to be an independent director, a proposal to provide stockholders with an advisory vote on director compensation at each annual meeting, or a proposal requesting the audit committee conduct an independent review of the Company’s internal controls for mortgage servicing operations.

About Wells FargoWells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With approximately 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 19 on Fortune’s 2010 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.